In the 4-hour cycle, the price stabilized around the middle Bollinger Band before plunging consecutively, currently testing the lower band. The bears clearly hold the advantage, and the trend is weak. Both the 144 and 169 moving averages are turning downward simultaneously, exerting significant resistance. There are no signs of reversal at the lower band, and the downward channel is likely to continue opening.
The most frustrating part is—the lack of buying power during the dip. There are persistent sell orders below 3100, and no institutional funds have entered to join the rebound. This bearish trend still seems to have momentum.
In simple terms—consider shorting in the 3200-3250 range, targeting the key levels of 3100 and 3050.
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ZkSnarker
· 12-15 03:00
ngl, the "no institutional buyers showing up" part is the real tell here. institutions don't usually miss capitulation moments, so either they're genuinely scared or they're just waiting for a messier dump. either way not great vibes for bulls rn
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ChainChef
· 12-15 02:59
eth's marinating in its own juices rn, recipe's turning sour ngl. that liquidity drought below 3100 tho? *chef's kiss* for bears. institutional kitchen's gone quiet when it matters most
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probably_nothing_anon
· 12-15 02:51
They're starting to grind again. Can we break 3100 this time? Feels like institutions are just watching the show.
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GasFeeLady
· 12-15 02:49
ngl the lack of bid support below 3100 is giving me major rug vibes... like where's the institutional money supposed to be? 🤔 honestly if we can't hold 3200 this could get messy fast, been watching the gwei spikes correlate with these dumps and it's sus
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ZKProofster
· 12-15 02:46
tbh the volume story here is what actually matters—lack of institutional buying on bounces is basically the proof you need. technically speaking, the bearish setup is solid but ngl, shorting into this without actual protocol-level analysis feels like trading on vibes. 3100's a mathematical inevitability if momentum stays broken, not some random target.
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APotOfTurbidWine
· 12-15 02:44
So you're saying that 144 and 169 turn around at the same time. Besides turning around together, can one face up while the other faces down?
#加密生态动态追踪 $ETH 12.15 Morning Technical Brief
In the 4-hour cycle, the price stabilized around the middle Bollinger Band before plunging consecutively, currently testing the lower band. The bears clearly hold the advantage, and the trend is weak. Both the 144 and 169 moving averages are turning downward simultaneously, exerting significant resistance. There are no signs of reversal at the lower band, and the downward channel is likely to continue opening.
The most frustrating part is—the lack of buying power during the dip. There are persistent sell orders below 3100, and no institutional funds have entered to join the rebound. This bearish trend still seems to have momentum.
In simple terms—consider shorting in the 3200-3250 range, targeting the key levels of 3100 and 3050.